MICR Code: 160017020
| Bank: Corporation Bank |
| IFSC Code: Corp0001887 |
| MICR Code: 160017020 |
| Address: Ward No.7, Bus Stand Chandigarh Road Kurali |
| City: Mohali |
| District: Kurali |
| State: Punjab |
MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.
Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.
Let's decode MICR code 160017020.
- In this case first three codes 160 is city code and it represents city Mohali.
- Next three characters 017 represents bank Corporation Bank.
- Remaining characters which are 020 represents branch. In our case branch is located at address Ward No.7, Bus Stand Chandigarh Road Kurali.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.